TD Cowen raised the firm’s price target on Silicon Labs to $155 from $140 and keeps an Outperform rating on the shares. The firm said there were some very soft results as expected during the sharp inventory correction, but a slight beat versus consensus on the print and guide and some very encouraging signals are seen as the team works through the tough correction.
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Read More on SLAB:
- Silicon Labs Reports Fourth Quarter 2023 Results
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